Weston,Inc

question 64

Multiple Choice

Weston,Inc.,produces widgets.To manufacture a new type of widget,it took 15 iterations before the process reached a steady state of 27 hours.If Weston has a 94% learning rate,use the logarithmic approach to calculate the time it took to manufacture the first widget.

• A)36.10 hours
• B)32.53 hours
• C)33.51 hours
• D)34.38 hours

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Definitions:

Normal Balance

The side of an account (debit or credit) where increases to the account are recorded.

Financial Statement(s)

Documents that provide an overview of a company's financial condition, including income statements, balance sheets, and statements of cash flows.

Permanent/Temporary

Categories of accounts in accounting; permanent accounts are balance sheet accounts that carry their balances throughout multiple accounting periods, while temporary accounts are income statement accounts that are cleared to zero at the end of each accounting period.

Normal Balance

The side (debit or credit) on which increases to the account are recorded, depending on the type of account.